Budgeting and Financial Management for Nonprofit Organizations

Using Money to Drive Mission Success

By: Lynne A. Weikart, Greg G. Chen, Edward M. Sermier

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Paperback | 22 June 2012 | Edition Number 2

At a Glance

Paperback
408 Pages

Dimensions(cm)
23.5 x 19.68 x 1.91

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RRP $369.00

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In the nonprofit sector, money drives mission. Well-managed budgets and investments can spur long-term growth and achievement, while financial mismanagement can damage and even destroy organizations.

Weikart, Chen, and Sermieruin their exciting new text geared wholly to nonprofits provide the financial tools nonprofit managers need to thrive in pursuit of mission success. Given the wide array of nonprofit managers' backgrounds, and recognizing that there is often an inherent fear of "the financials" the authors explain financial concepts without leaning unnecessarily on intimidating jargon. The result is a practical, accessible resource the prepares the next generation of nonprofit managers in financial planning and analysis as well as conventional and entrepreneurial financial management. Grounded in real-world cases and offering plenty of opportunity for application and practice, Budgeting and Financial Management for Nonprofit Organizations helps readers develop a stable fiscal foundation and sound financial strategies for their organizations to prosper in times of economic expansion and contraction.

Industry Reviews

"Budgeting and Financial Management for Nonprofit Organizations is a welcome addition to the field. The book's exclusive focus on nonprofits allows it to cover a variety of relevant financial management techniques and apply them in assignments and cases that present numerous and practical financial situations. Professors and students alike will appreciate its straightforward, user-friendly approach. I strongly recommend this book!" -- Jay Eungha Ryu "Budgeting and Financial Management for Nonprofit Organizations fills the need for a text focused solely on nonprofit organizations. Its treatment of financial topics as they apply to nonprofits is instructive, accessible, and appealing. The book's depth and breadth are a welcome contribution to the field." -- Gary Rassel "Weikart, Chen, and Sermier aim to provide practical and useful insights into the problems faced by nonprofit board members and financial managers. They succeed very well indeed, outlining new formats for analysis and serving up sound advice for the real world issues of nonprofit financial management." -- Dall Forsythe

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